---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001262"
form_type: "8-K"
ticker: "VEL"
cik: "0001692376"
company_name: "Velocity Financial, Inc."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:05:09.644696+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Velocity Financial Q2 net income $12.2M ($0.36 EPS); loan production down 42% YoY

## Summary
- Net income $12.2 million, up 14% YoY; diluted EPS $0.36 vs $0.31 in 2Q22.
- Core net income $12.9 million ($0.38 EPS); loan production $258.6M (down 41.9% YoY).
- Total loan portfolio $3.7B (+20.4% YoY); NPLs 10.0% of HFI loans (up from 8.2%).
- Portfolio NIM 3.24% (down 86 bps YoY); book value $12.57 per share (+11.6% YoY).
- Completed two securitizations in Q2: VCC 2023-2 ($202M) and VCC 2023-1R ($64.8M).

## SEC filing metadata
- accession: 0001157523-23-001262
- form_type: 8-K
- ticker: VEL
- cik: 0001692376
- company_name: Velocity Financial, Inc.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692376/000115752323001262/0001157523-23-001262-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692376/000115752323001262/a53506880.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001262
- JSON: https://secwatch.observer/filing/0001157523-23-001262.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001262.txt

## Key facts
- Earnings Releases
  Velocity Financial, Inc. reported the quarter ended June 30, 2023 results: net income $12.2 million, EPS $0.36.
  - Period: the quarter ended June 30, 2023
  - Net income: $12.2 million
  - EPS: $0.36
  - Result: reported results
  source text: reported net income of $12.2 million and core net income of $12.9 million for 2Q23, compared to net income of $10.6 million and core net income of $10.6 million in 2Q22. Earnings and core earnings per diluted share were $0.36 and $0.38, respectively, for 2Q23, compared to $0.31 and $0.31, for 2Q22.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692376/000115752323001262/0001157523-23-001262-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.